RBC reaction | GTE Message Board Posts


Gran Tierra Energy Inc.

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Msg  15268 of 15270  at  8/9/2022 10:52:17 PM  by

delt1970


RBC reaction

Gran Tierra Energy Inc. (TSX: GTE; 1.62; AMEX: GTE)
Published August 8 2022 22:15:44 EDT
Rating: Sector Perform
Risk Qualifier: Speculative Risk
Price Target: 2.50
Q2/22 - Shifting to Exploration
Our view: Gran Tierra posted solid Q2/22 results led by strong pricing and cash
generation. Management continues to focus on deleveraging with the company's
credit facility fully repaid; we expect exploration drilling in the second half will
provide catalysts in the Q4/early 2023 time frame. We reiterate our Sector Perform
Speculative Risk recommendation and price target of $2.50/share.


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